Cemtrex Inc reports results for the quarter ended in December - Earnings Summary

Cemtrex

12/02/2024 23:28

* Cemtrex Inc  CETX.OQ  reported a quarterly adjusted loss
of
$1.15​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$-3.99.  The lone analyst forecast for the quarter was for a
loss of 86 cents per share. 
    * Revenue rose 41% to $16.88 million from a year ago;
analysts
expected $15.79 million. 
    * Cemtrex Inc's reported EPS for the quarter was a loss of
$1.15​.
    * The company reported a quarterly loss of $1.2 million.
    * Cemtrex Inc shares had fallen by 27.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 95.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Cemtrex Inc is
$11.00 
This summary was machine generated from LSEG data February 12 at
11:27 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.86          -1.15          Missed
 Sep. 30 2023      -3.59          -0.92          Beat
 Jun. 30 2023      -0.34          -1.28          Missed
 Mar. 31 2023      -0.11          -0.74          Missed